Written by ForexBrokers.com
In this head to head comparison of FxPro vs HYCM (Henyep Capital Markets), we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FxPro, established in 2006, and HYCM (Henyep Capital Markets), in operation since 1977, both offer online brokerage services, though they exhibit key differences in structure and industry perception. FxPro sets itself apart as a bank, while HYCM does not hold such status. Despite neither being publicly traded, these brokers are recognized for their regulatory rigor with both holding two Tier-1 licenses each, a status considered highly trusted by ForexBrokers.com. Additionally, each broker has secured one Tier-2 license, signaling a trusted level of compliance.
The ForexBrokers.com Trust Score reveals a distinction in perceived reliability, with FxPro achieving a high score of 93 out of 99, indicating a highly trusted status. On the other hand, HYCM receives a respectable score of 86, positioning it firmly within the trusted category. Both brokers provide credible options for potential investors, though FxPro's slightly higher trust score and banking status might give it an edge for those prioritizing security and institutional solidity.
| Feature |
FxPro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2006 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees of FxPro and HYCM, it's evident that both brokers have distinct pricing structures. FxPro offers pricing that is higher than the industry average, with its MT4 platform allowing traders to choose between variable or fixed spreads. Variable spreads on FxPro's cTrader platform are more competitive, with EUR/USD spreads effectively at 1.27 pips after commissions. This pricing scheme places FxPro's broker rating at 4 out of 5 stars and a ranking of 32 out of 62 brokers in the commissions and fees category, as per ForexBrokers.com.
On the other hand, HYCM provides a more budget-friendly option, particularly with its Raw account offering competitive pricing. The all-in cost for trading the EUR/USD pair is approximately 0.6 pips after commission. Their Classic account presents a slightly less competitive option with variable spreads starting from 1.2 pips, and there's also a fixed-spread account at 1.5 pips. Reflecting this cost-effectiveness, HYCM is rated 4.5 out of 5 stars and ranks 15th out of 62 brokers in terms of commissions and fees, according to ForexBrokers.com.
Overall, HYCM stands out with its lower average costs to trade and a more favorable broker ranking, making it an appealing option for cost-conscious traders. Conversely, while FxPro provides benefits like an Active Trader program, its overall higher cost puts it slightly behind HYCM for those seeking lower fees.
| Feature |
FxPro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average Spread EUR/USD - Standard | 1.51 | 1.2 |
| All-in Cost EUR/USD - Active | 1.27 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investments offered, FxPro and HYCM both allow traders to engage in forex trading through CFDs or spot contracts, ensuring that forex enthusiasts have ample options. FxPro stands out with a selection of 2,249 tradeable symbols compared to HYCM’s 1,199. Both brokers provide access to an impressive 70 forex pairs. However, when it comes to purchasing exchange-traded securities on U.S. exchanges, HYCM holds the advantage by allowing clients to buy shares such as Apple, while FxPro does not offer this option. Conversely, both platforms offer exchange-traded securities on international exchanges, enabling investors to buy shares like Vodafone.
In the realm of cryptocurrency offerings, neither broker allows for the purchase of actual cryptocurrencies, but they both provide derivatives to trade instead. Those interested in copy trading will find FxPro more appealing, as it offers this feature, unlike HYCM. Despite their differences, both brokers share a commendable four-star rating for their range of investments, with FxPro slightly ahead in rankings at #28 compared to HYCM’s #33, as per ForexBrokers.com. This makes both platforms worthy of consideration for investors seeking diverse trading opportunities.
| Feature |
FxPro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 1199 |
| Forex Pairs (Total) | 70 | 70 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools offered by FxPro and HYCM, both brokers provide a comprehensive selection catering to various trader needs. FxPro stands out with its copy trading feature, something HYCM does not offer, giving FxPro users an edge in strategy sharing and learning. Both brokers offer free virtual demo accounts, proprietary platforms, and support widely-used platforms like MetaTrader 4 and MetaTrader 5. They each provide desktop and web-based trading interfaces, allowing traders flexibility in how they access their accounts. When it comes to charting tools, FxPro emphasizes its user experience by offering 25 drawing tools, compared to HYCM's 15, although both brokers enable trading directly from stock charts.
FxPro and HYCM perform well when rated for their trading platforms and tools, each receiving 4 out of 5 stars. However, their rankings by ForexBrokers.com reveal a notable difference, with FxPro at #17 and HYCM at #40 out of 62 brokers. This suggests that while both brokers provide substantial offerings, FxPro may have an edge in terms of usability and features. For traders creating watchlists, HYCM provides slightly more fields with 7 columns compared to FxPro's 6, which could be beneficial for those who need more detailed market monitoring. In summary, both brokers are strong contenders, but the subtle differences in tools and rankings may influence a trader's choice based on personal preferences and needs.
| Feature |
FxPro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 53 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FxPro and HYCM both provide highly functional mobile apps for iPhone and Android devices. These apps are essential for traders on the go, offering stock and forex price alerts to keep you updated on market movements. Both brokers enable users to create watchlists with real-time quotes and utilize multiple time frames—such as daily, weekly, or intraday—on their charts. Moreover, they allow you to draw trendlines on charts and conveniently auto-save these drawings for future reference. However, a key distinction lies in watchlist symbol syncing; FxPro allows your mobile watchlist to sync with your online account, a feature HYCM lacks. This syncing capability ensures a seamless trading experience across devices for FxPro users.
When it comes to technical analysis, FxPro excels with a generous offering of 65 technical studies, compared to HYCM's 30. This broader range provides a more comprehensive toolkit for traders looking to get an edge in the markets. Both mobile apps are reliable, but FxPro’s higher offering in technical studies and watchlist syncing likely contributes to its superior app rating of 4.5 stars, compared to HYCM's 4 stars. In a comparison by ForexBrokers.com of 62 brokers, FxPro shines at #15 for mobile trading apps, significantly ahead of HYCM, which stands at #37.
| Feature |
FxPro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing online brokers FxPro and HYCM, both offer daily market commentary and forex news from top-tier sources like Bloomberg and Reuters, ensuring users are kept up-to-date with global market trends. They also provide technical analysis tools from Trading Central, aiding traders in making informed decisions based on comprehensive data. However, a standout feature of FxPro is its sentiment-based trading tool, which helps traders identify market trends by analyzing long or short positions across various instruments, a feature not offered by HYCM.
Both brokers offer economic calendars to track global news and events, but neither provides market research from TipRanks or tools from Acuity Trading. As per ratings, FxPro scores 4 stars for research, ranking 26th out of 62 brokers according to ForexBrokers.com, whereas HYCM is rated slightly lower at 3.5 stars, coming in at 35th. This comparison highlights FxPro's slight edge in research resources and tools available to its users.
| Feature |
FxPro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FxPro and HYCM both cater to beginners with a solid collection of forex and CFD educational materials, each offering more than 10 resources such as articles, videos, and archived webinars. Both brokers provide a searchable archive of past webinars, making it easy for learners to explore previously covered topics at their convenience. While neither FxPro nor HYCM conducts monthly live webinars, they compensate with beginner-focused videos. FxPro stands out with a slightly higher emphasis on foundational content, earning a 4-star rating for education. They also include an investor dictionary that defines over 50 common investing terms, which is a feature shared with HYCM. With these offerings, FxPro ranks 18th out of 62 brokerages on ForexBrokers.com for educational resources, surpassing HYCM, which ranks 32nd with a 3.5-star education rating.
When diving into content specifically crafted for beginners, both FxPro and HYCM provide at least 10 educational videos that cover key trading concepts in an accessible format. While neither broker focuses heavily on advanced trading topics, their comprehensive beginner materials and resourceful dictionaries offer a substantial base for new traders. Despite HYCM's educational tools and glossary, FxPro achieves a higher rank, reflecting its superior educational offerings. Whether you're just starting out or need a dictionary to decode trading jargon, both platforms offer valuable tools, yet FxPro receives a slight edge in terms of accessibility and breadth of beginner-focused content.
| Feature |
FxPro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FxPro is better than HYCM (Henyep Capital Markets). FxPro finished with an overall rank of #21, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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HYCM (Henyep Capital Markets)
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| Trust Score | 93 | 86 |
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FxPro and HYCM (Henyep Capital Markets) both offer the ability to trade cryptocurrency derivatives, but neither platform provides the option to purchase actual (delivered) cryptocurrencies.
When comparing deposit and withdrawal options between FxPro and HYCM (Henyep Capital Markets), FxPro provides more versatility by supporting ACH, SEPA, and PayPal alongside common options like Skrill, Visa, Mastercard, and bank wires, whereas HYCM includes Skrill, Visa, Mastercard, and bank wires but lacks ACH, SEPA, and PayPal capabilities.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FxPro | HYCM (Henyep Capital Markets) | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | FxPro Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | FxPro | HYCM (Henyep Capital Markets) | |
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| Regulation | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 93 | 86 | |
| Year Founded | 2006 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 1199 | |
| Forex Pairs (Total) | 70 | 70 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.27 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $100 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FxPro Review | HYCM (Henyep Capital Markets) Review |
| Overall | FxPro | HYCM (Henyep Capital Markets) | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | FxPro Review | HYCM (Henyep Capital Markets) Review |
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